Genesis Energy, L.P. Partnership Overview Investment Highlights Master Limited Partnership (NYSE: GEL) Integrated asset portfolio creates opportunity across the crude oil production / refining value chain L.P. market capitalization…
Genesis Business Proposition Integrated asset & services portfolio creates opportunities with producers and refineries Asset / Services Integration CO2 Pipelines Producers Refinery Supply & Logistics Services Supply &…
Genesis Operational Footprint Onshore Pipeline Offshore Pipeline Refinery Services Marine Transportation Supply & Logistics Transportation Transportation 58 million (15%) 97 million (24%) 82 million (20%) 106 million (26%) 59 million…
Limited Commodity Price Exposure Business Segment General Commodity Exposure Mitigant Tariff-based, fee income (except for PLA volumes) Onshore Pipeline Transportation No Direct Exposure Fixed lease payments from DNR for NEJD CO2…
Offshore Pipeline Transportation Assets Oil Pipelines Gas Pipelines Hub Platforms GEL Capacity GEL Capacity GEL Capacity Capacity Asset % Mbbl/d(a) Asset % MMcf/d(a) Asset % MMcf/d(a) Mbbl/d(a) SEKCO(b) 100% 115 Viosca Knoll 100% 600…
Acquisition Highlights The 1.5 billion acquisition from Enterprise offers numerous strategic and financial benefits to Genesis, including: Credit enhancing (additional stable, fee-based cash flow) adding significant scale expected to…
Gulf of Mexico Activity Deepwater rig counts have increased despite the recent Deepwater Rig Contract Expiration by Year(b) decrease in oil prices 18 43 rigs currently active in the deepwater compared to 41 as of 16 2Q14, an…
Future Offshore Development POSEIDON AMBERJACK CHOPS AUGER (350 Mbbl/d) 24 (350 Mbbl/d) (500 Mbbl/d) 20 (200 Mbbl/d) EUGENE ISLAND (173 Mbbl/d) SS CHOPS 500 Mbbl/d CHOPS 500 Mbbl/d 332A / 332B ST-301 EC-346 POP 240 Mbbl/d POP…
Existing Businesses
Onshore Pipeline Transportation Stable cash flows through pipeline tariffs combined with future volume growth Refiners are the shipper of approximately 85% of total crude oil moved through our onshore pipelines Onshore Crude Oil…
Offshore Pipeline Transportation Positioned to provide deepwater producers maximum optionality with access to both Texas & Louisiana markets Potential for meaningful volume growth with increased development drilling in dedicated,…
Refinery Services Refinery sulfur removal and sales of by-products at 10 owned and/or operated facilities; 4 marketing agreements Owned & leased NaHS and NaOH terminals in Gulf Coast, Midwest, Montana, British Columbia, Utah and South…
Refinery Services Process Overview Sour Gas Processing units inside Nat Gas the fence at 10 refineries H2S NaHS Unit Gas Processing Produce NaHS through proprietary Nat Gas process utilizing large amounts of Refiners Caustic Soda…
Supply & Logistics Crude oil services and logistics, refined products services and logistics and rail services 145 trucks / 145 trailers in crude oil trucking fleet. Additional 120 trucks / 180 trailers in refined products fleet 2.9…
Business Objectives and Recent Developments
Business Objectives Identify and Exploit Profit Opportunities Across an Increasingly Integrated Asset Footprint Continue to Optimize Existing Asset Base and Create Synergies Evaluate Internal and 3rd Party Growth Opportunities…
Organic Capital Projects Opportunities focused on leveraging existing Genesis Capital Allocation by Segment footprint and providing an integrated midstream solution to our producer and refinery customers Supply & Logistics (S&L)…
Exxon Mobil Baton Rouge Pipeline/Rail/Terminal Project Integrated Crude Logistics Project Overview Genesis entered into definitive agreements with ExxonMobil (XOM) in which Port Hudson Truck Station One existing 10,000 bbl tank…
Raceland Rail/Terminal Project Raceland is being designed to handle Project Overview the unloading of up to two unit trains per Placid day (140 kbd) with two parallel tracks Port Allen XOM capable of staging 118 cars each Baton…
Powder River Basin Midstream Solution Genesis has received a significant acreage dedication from a large Project Overview independent investment grade producer underpinning its investment in a comprehensive crude oil midstream solution…
Financial Summary
Financial Objectives Continue to deliver disciplined, low double-digit growth in distributions Grow our distribution coverage ratio, using excess Available Cash as equity and to pay down senior secured debt Target long-term…
Strong Balance Sheet and Credit Profile ( in 000s) Reported LTM Material Project & Acquisitions Pro Forma LTM 6/30/2015 EBITDA Adjustment 6/30/2015 Senior Secured (a) 533,081 533,081 Senior Unsecured 1,100,000 1,100,000 Pro Forma…
Pro Forma Segment Margin Reconciliation ( in 000s) Pro Forma LTM 6 months Ended June 30, 6/30/2015 2015 2014 2014 2013 Segment Margin Excluding Depreciation and Amortization: Onshore Pipeline Transportation 58,697 28,686 31,220 61,231…
Available Cash Before Reserves ( in 000s) Pro Forma LTM 6 months Ended June 30, 6/30/2015 2015 2014 2014 2013 Income from Continuing Operations 87,159 31,880 50,923 106,202 84,004 Depreciation and amortization 106,467 55,330 39,771…
Pro Forma EBITDA Reconciliation ( in 000s) Pro Forma LTM 6 months Ended June 30, 6/30/2015 2015 2014 2014 2013 Income from Continuing Operations 87,159 31,880 50,923 106,202 84,004 Depreciation and amortization 106,467 55,330 39,771…
Adjusted Debt Reconciliation ( in 000s) Pro Forma LTM Long-term debt 6/30/2015 2014 2013 Senior secured credit facility 585,200 550,400 582,800 Senior Unsecured Notes 1,100,000 1,050,000 700,000 Adjustment for short-term hedged…
Description of Major Assets Acquired from Enterprise
Poseidon Oil Pipeline 64% owned by GEL following transaction Transports crude oil production from the outer continental shelf and deepwater areas of the Gulf of Mexico offshore Louisiana to onshore facilities in south Louisiana…
Cameron Highway Oil Pipeline System 100% owned by GEL following transaction Transports crude oil production from deepwater areas of the Gulf of Mexico, primarily the Green Canyon area, for delivery to refineries and terminals in…
South East Keathley Canyon Oil Pipeline 100% owned by GEL following transaction Connects the third party-owned Lucius-truss spar floating production platform to an existing junction platform at South Marsh Island 205 (part of…
Oil Pipeline Laterals Shenzi Oil Pipeline Gathers crude oil production from the Shenzi production field located in the Green Canyon area of the Gulf of Mexico Delivers into both CHOPS and Poseidon Platform Name Platform Capacity…
Selected Gas Assets Anaconda Gathering System Gathers natural gas from producing fields located in the Green Canyon area of the Gulf of Mexico for delivery to the Nautilus System Platform Name Platform Capacity Field Name…
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